Yesterday, the news from Italy and the US sent stock markets spiralling as the political dysfunction continues to grow. The uncertainty now hanging over both the US and Italy has led to investors to leave riskier assets and back safer investments helping the Swiss franc and Japanese yen strengthen. In terms of data yesterday, the main headline came early in the morning with Japanese retails sale rising to 1.1% from a previous -0.3%. Overnight we saw the release of Chinese manufacturing PMI which was slightly softer than anticipated. Furthermore, Australian retail sales came out marginally better than expected at 0.4% and with news coming alongside the Australian central bank keeping monetary policy on hold we have seen the Australian dollar gain some momentum overnight. Call your trader now for a live price from the market.